Today, I learned that the Ethereum Foundation has made significant cuts, reducing its staff by 20%. This decision comes amid a leadership crisis, highlighted by the recent resignation of co-Executive Director Hsiao-Wei Wang. Since January, nine senior figures have left the organization, indicating a troubling trend for the foundation. Vitalik Buterin has also announced a 40% budget cut as part of a major reset for the organization. It's concerning to see such instability in a key player of the blockchain space.